Budgeting | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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How does having a budget give you control over your money?

You gain control of your money by organizing your spendings and savings

True or false: Fixed costs are expenses that stay the same each month.

True

Earn 10 points

+10 points

True or False: Variable costs are expenses that do not change each month.

False

What is an income?

The money you earn from a job

Give an example of wants

clothing, entertainment, etc

Ace's car holds 20 gallons of gas. If gas is $2.00 per gallon, how much will it cost Ace to fill up his car?

$40.00

Give an example of fixed cost.

rent, utilities, insurance, car payment, phone bill

If you have $18.00 and wanted to buy some cupcakes worth $2.00 each, how many cupcakes can you buy?

9

When making a budget, a person's needs should come before their wants

True

Which is NOT a type of budget

business budget

clothes budget

event budget

personal or household budget

What kind of events is the event budget for?

Vacation, special party or projects like home remodel

Which of the following is a need and not a want: movies, food, or sneakers

food

True or False: Math is used in everyday life and not just in the classroom

True

What is a need?

something you must have

Lose 5 points

-5 points

True or false: Budgeting is important to your financial success

true

Is going to batting cages and income or expense?

Expense

What is a budget?

a plan for using money

taxes

items you buy

True or False: Budgeting helps prevent overspending

True